Pay .53c for RINs/Make .3612c Per Gallon
Spend .53c for RINs & Get Nothing Or Make .3612c Per Gallon,Thats What Refiners Are Asking them Selves After the Mandate Was Upheld
RINs Cost .53c,Blending Produces 36.12 Cents per Gallon Profit
Mandate 13.2 Billion Gallons In 2012,US ethanol production falls to lowest level in 27 months
production stood at 819,000 b/d for an annualized rate of 12.56 billion ... November 12, 2012
US ethanol production falls to 9.25% of gasoline demand
Jim Lane | November 16, 2012
In Washington, the RFA’s Geoff Cooper reports that, according to EIA data, ethanol production averaged 824,000 barrels per day – or 34.61 million gallons daily. That is down 3,000 b/d from the week before. The 4-week average for ethanol production stood at 819,000 b/d for an annualized rate of 12.56 billion gallons. Overall, gasoline demand for the week averaged 374.1 million gallons daily, and daily ethanol production was 9.25% of that overall supply pool. Refineries also produced 91,961 metric tons of livestock feed, and 4.29 million pounds of corn oil daily.
13.2 billion gallons of biofuels, such as ethanol, with gasoline in 2012 and 15 billion by 2015
Ethanol’s Discount to Gasoline Expands
By Mario Parker - Nov 15, 2012 1:47 PM PT
The additive’s discount to the motor fuel widened to 36.12 cents a gallon from 33.6 cents yesterday, based on December futures prices
data compiled by Bloomberg show
13.2 Billion Mandate Gallons
-12.56 Billion Gal. Annualized Ethanol Production
___________
.64 Billion Gallons
The Question Is,Are Refiners Going to Make the 36.12 cents a gallon
Or
Buy RINs
Renewable identification numbers (RIN) prices declined significantly in the third quarter. Prices were $1.17 at the start of the quarter, dropped to $0.76 at the end of the quarter and were $0.53 on November 08, 2012
